Gojek acquires Indonesian POS startup Moka, gains greater share of SME fintech market
- Indonesia
- 4 min read
- Apr 21, 2020
- By Putu Agung Wija Putera
© Moka
Deal reportedly worth $120m will add Moka's network of over 30,000 merchants to Gojek's reach
According to filings shown on the Indonesian Business Competition Supervisory Commission (KPPU) website, Gojek and Moka filed the acquisition notice on April 9. Under Indonesian law, M&As must be reported within 30 days of taking effect.
In December 2019, Bloomberg reported that both parties were finalizing talks in a deal worth “at least $120m,” citing people familiar with the negotations. Gojek declined to comment; Moka hasn...
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